So Nvidia did exactly what we all said they were doing and bought up all the wafers. There was no shortage after all.
This mean I can go pick up some terabytes now? Please god.
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@ireneista @ErickaSimone So this is actually one level further than I had expected.
I thought nvidia was building GPUs as fast as they could *and selling them to hyperscalers* who were then sitting on them unable to build DCs fast enough to house them.
This article sounds like they were not actually even selling a lot of the GPUs.
@ireneista @ErickaSimone Like, my impression of the situation was that nvidia was selling shovels in a gold rush and the gold miners were the ones who were going to get screwed in the end, but that they actually did in fact have sales and that the GPUs had been manufactured, paid for, and changed hands.
@ireneista @ErickaSimone I thought the bubble was gonna pop and nvidia was gonna be sitting on a hoard of cash and everyone else was going to be screwed.
It's now sounding like they might not be in as good a position as I had predicted. I thought they would be the only one left standing when it all came down.
@ErickaSimone it's really annoying how well that strategy worked even though everybody could plainly see it
like, it forced us to process that big institutional investors see this stuff as intended behavior. this is what the market means to its strongest proponents.